The landscape of the healthcare industry is rapidly changing due to the advent of value-based reimbursement and consumerism. Therefore, knowing industry standards and comparing your revenue cycle management(RCM) performance with them has become imperative for healthcare providers and facilities to ensure their revenue cycle is...
The movie Tombstone holds a special place in my memories for various reasons and the title of this post is one of my favorite lines by the character of Doc Holliday in the movie. But I do not intent to talk about Tombstone here, not today....
President Obama’s recent article (http://jama.jamanetwork.com/article.aspx?articleid=2533698) in the Journal of American Medical Association (JAMA) resurfaced the idea of a single-payer health plan. While I respect the President for many of him accomplishments and abilities, I am strongly opposed to his assertion that a government managed health...
I recently came across a fascinating book by two of America’s leading economists, George Akerlof and Robert Shiller, “Phishing for Phools: The Economics of Manipulation & Deception”. The main focus of the work is the incredible ability and relentless intent of the free markets to spawn...
Today is my brother’s birthday, the only living member of the immediate family I was born into. Happy birthday “Bhyya” (that means “Big Brother”). My brother is a physician – a gastroenterologist. He is one of the finest human beings I know and I don’t say...
Remember when we were in grade school? How many kids in our class did we think were really “smart”? How many did we think were “wicked smart”? Guess what happened in the intervening years – we all grew up and became professionals in one field...
“Death of a Salesman”, by Arthur Miller, is a remarkable literary work that has haunted me ever since I watched a theatrical version of it many years ago. The story has become a constant reminder for me to remain vigilant of self-obsolescence, whether as an individual or a...
The Washington Post article is at: http://a.msn.com/01/en-us/AAe7m5p?ocid=se Once again, I am confounded by the shameless greed of hospitals in marking up the “price” of a medicine that saves lives in desperate situations. But then gain, in a true Machiavellian manner, that may well be the best time...
I don’t know about you but I am tired of hearing “well you know, physicians are so bad at business”. Now let’s be honest and examine the following exchange between yourself and your beloved physician: YOU: Hi doctor, my left leg got caught in a bear...
Last night, I had the opportunity to attend a great panel discussion, hosted by the University of Dallas in Irving, Texas. On the panel were prominent members of the Texas healthcare community including a Chief Medical Officer, a Chief Executive Officer of a multi-national hospital...